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Section 39 - Major Port Authorities Act, 2021
The Major Port Authorities Act, 2021
39. Power of Board to repay loans to Government before due date.-
The Board may apply any sums, out of monies which may come into its hands under the provisions of this Act and which can be so applied without prejudicing the security of the other holders of port securities, in repaying to the Government any sum which may remain due to it in respect of the principal account of any loan although the time fixed for the repayment of the same may not have arrived.
Related Sections
- Section 71: Power of Central Government to make rules
- Section 27: Scale of rates for assets and services available at Major Port
- Section 8: Resignation of Members
- Section 19: Authentication of orders and other instruments of Board
- Section 50: Power of Central Government to exempt from obligation to use port assets
Related Acts
* Only for reference.